📈 SHIB trades at $0.0000117 (June 24) with an 8% daily gain as the meme token breaks a 7-week downtrend. This shift aligns with improved market sentiment and whale accumulation of 1.6T SHIB, signaling a potential bullish reversal.
📊 The breakout from the descending channel hints at a momentum shift. However, $0.0000134 (50D SMA) is the first key resistance. A move above this confirms short-term bullish strength.
🔺 For a long-term rally, SHIB must flip the 200D SMA at $0.000016 — a 40% rise from current levels. Until RSI climbs above 50, buying pressure remains limited and the risk of a pullback persists.
📍 Watch key levels:
• Resistance – $0.000014 (Fib 61.8%), $0.0000151 (PoC)
• Support – $0.0000090, the zone that started SHIB’s 2024 rally
🐋 Whale activity backs the bullish case. Large holder netflows surged from 64B to 1.66T SHIB in 24h, suggesting institutional buying ahead of a possible leg up.
📌 Summary: SHIB has broken structure, but the path to $0.000016 needs confirmation above major levels. Whales are betting on a breakout — are you?
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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